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We have been banging on about the strength of the current property market for some time now.

Lots of buyers about, not too many listings, cheap interest rates, and multiple offers on most properties.

So now research by CoreLogic‘s analysis of suburb values in May 2020 compared to May 2021, has revealed that there are currently 51 Brisbane suburbs that have a median value above $1,000,000.  That is an increase of 22 new suburbs that have past the magic price level.


The 22 new Brisbane suburbs with a median house value above a  million dollars:

  1. Ashgrove $1,207,524
  2. Norman Park $1,170,326
  3. Seven Hills $1,163,451
  4. Toowong $1,151,231
  5. Red Hill $1,141,008
  6. Kenmore Hills $1,136,557
  7. Coorparoo $1,128,895
  8. Yeronga $1,125,455
  9. Camp Hill $1,097,385
  10. East Brisbane $1,092,076
  11. Windsor $1,075,978
  12. Herston $1,073,956
  13. Newmarket $1,072,918
  14. Robertson $1,069,765
  15. Lutwyche $1,064,286
  16. Wooloowin $1,055,702
  17. Carindale $1,054,481
  18. Sheldon $1,053,431
  19. Kelvin Grove $1,028,395
  20. Alderley $1,018,144
  21. Morningside $1,008,282
  22. Gordon Park $1,000,918

If your suburb isn’t on the list don’t despair and it may only be a short time till it joins this list.

The strong market is not just a feature in Brisbane but also across Queensland with 46 house and unit markets across regional Queensland, driven by the popularity of the Sunshine Coast and Gold Coast, also reaching the $1 million level.

Teneriffe is Brisbane’s most expensive house market with a median value of $2,063,937.  This is only slightly higher than the highest median house value across regional Queensland, held by Sunshine Beach on the Sunshine Coast at $1,924,577.

Ashgrove tops Brisbane’s newcomers list, with a median house value now at $1,207,524 (up from $969,877). In regional QLD, Buddina on the Sunshine Coast now has a median house value of $1,283,111 (up from $978,041 a year ago).


House prices are on the rise. Find out the value of your property now.

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Hicks Real Estate is a Brisbane based, full-service real estate agency supporting buyers and sell as well as renters and property investors. With almost 20 years experience in the local market, we are the real estate experts you can rely upon.